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Property profile & analytics
FOR LEASE
Office buildings
83-04 Broadway Elmhurst, NY 11373
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-0758667
For Lease
1 / 6
$7,500/Mo
83-04 Broadway, Elmhurst, NY 11373
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Total area
13,000 SF
Lot
0.1 ac (4,500 SF)
Zoning code
R7A
APN
01544-0029
UPID
US63-0758667
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Red Apple Daycare High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.53M
Owner & transaction history
8306 Broadway LLC · 5 yrs held
8306 Broadway LLC
since 2021
7 recorded transactions
Zoning & alternative use
R7A · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elmhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmhurst submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,610,000
6.5%
$7,025,000
7%
$6,520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,850,000
Current use
Blend value · Realmo final
$5.53M
Range $4.97M – $6.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$425 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$195,565
Tax year 2024
Assessed value
$1,895,850
Assessed 2024
Previous assessed
$1,806,750
+4.9% YoY
Effective rate
10.32%
On assessed value
Assessed land
$90,000
Assessed improvement
$1,805,850
Land market value
$200,000
Improvement market value
$4,013,000
Total market value
$4,213,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1989
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
13,000 SF
Lot
0.1 ac (4,500 SF)
Zoning code
R7A
APN
01544-0029
UPID
US63-0758667
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Flushing, NY
Zoning R7A · permitted uses
R7A · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flushing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.9M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
8306 Broadway LLC
Entity
Mailing address
25 MARKET ST, NEW YORK, NY 10002-6806
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
8306 Broadway LLC
—
Deed
related
$2,800,000 · Ctbc Bank Corp.(usa)
Aug 25, 2021
—
8306 Broadway LLC
—
Deed
related
$607,061 · 8304 Queens Broadway Funding, LLC
Jan 21, 2021
—
8306 Broadway LLC
Xiaoping Fan
Warranty Deed
—
—
—
Xiaoping Fan
—
Deed Of Trust
related
$1,645,000 · New York Business Dev Corp
—
—
Xiaoping Fan
—
Deed Of Trust
related
$1,900,000 · Greenpoint Mortgage Funding
—
—
Xiaoping Fan
—
Deed Of Trust
related
$1,171,000 · Empire State Certified Dev
—
—
Xiaoping Fan
—
Deed Of Trust
related
$657,706 · Chinatown Fsb
—
—
Xiaoping Fan
—
Deed Of Trust
related
$2,500,000 · Chinatown Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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